Silver Airways Nears Liquidation, "Fails To Take Reality Into Account"

Silver Airways, with its finances crumbling, faces liquidation

Small regional low-cost carrier Silver Airways may not survive for long. Since filing for Chapter 11 financial restructuring… The post Silver Airways, with its finances crumbling, faces liquidation appeared first on Air Data News.

Silver Airways Nears Liquidation, "Fails To Take Reality Into Account"

In very late 2024, Florida-based regional airline Silver Airways filed for Chapter 11 bankruptcy protection. Executives at the airline insisted that this would be a quick restructuring, and that the company would emerge stronger than ever before in the first quarter of 2025. Well, things aren’t looking so good anymore… Silver Airways trustee recommends Chapter 7 liquidation The United States trustee overseeing Silver Airways’ Chapter 11 bankrupt…

Trustee Overseeing Chapter 11 Bankruptcy of Silver Airways Calls to Dismiss Case - The Bulkhead Seat

The trustee overseeing the Chapter 11 bankruptcy filing of Silver Airways (and its affiliate Seaborne Virgin Islands) has filed a motion to dismiss the cases because she believes that the airlines have little chance of success. The airlines suffered net losses of $467,000 in February and $1,221,000 in the first 2 weeks of this March. Ouch! Silver Airways has been trying to chart its path forward, but has struggled quite a bit over the past sever…